
Financial Literacy Quiz
Authored by Christin Nix
Mathematics
8th Grade
CCSS covered
Used 29+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
Allison purchases her college books for the upcoming semester. She has to pay $98 for a biology book, $38 for a used poetry book, and $74 for a trigonometry book. If the sales tax rate is 7.5%, how much tax with Allison pay?
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Tuition for Bubba Gump University costs $10,000 per year. Forrest Gump would like to attend, and plans on saving for the next 2 years. If he already has $4600 saved, what is the minimum amount needed to save per month to cover one year of tuition?
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Interest can be defined as:
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If you are calculating the simple interest and you are given the time in months, how can you find the time in years?
Tags
CCSS.7.RP.A.3
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The simple interest formula is I=Prt. What does the t represent?
Tags
CCSS.8.EE.C.7B
6.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Principal = $350.
Interest rate = 2.5%
TIme = 3 years.
How much simple interest?
Tags
CCSS.7.RP.A.3
7.
MULTIPLE CHOICE QUESTION
5 mins • 1 pt
Beyonce went to the mall and saw a massage chair that she would have to take a loan out for $6500 to purchase. The bank said that she could get a simple interest rate of 8% for 5 years. What is the total amount that Beyonce will pay for the chair?
Tags
CCSS.7.RP.A.3
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